1. Wealth and Power
Meaning more money in their pockets means more spending, leading to more economic activity. ... As we know by now increasing the minimum wage creates more jobs. Putting more money in the pockets of working families, therefore giving them more spending power. ... As minimum wage workers spend their new surplus of money, pumping more money into our economy will only have a positive impact on our GDP. ... In the long run more people will be spending more, pumping more money into the economy creating more jobs and also increasing the flow of business all around. ...
- Word Count: 1125
- Approx Pages: 5
- Has Bibliography
- Grade Level: High School